How to write a letter to apply for a bank loan – Models and examples

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How to write a letter to apply for a bank loan – Models and examples

We have prepared this guide in which you will learn how to write a letter to request a bank loan – Models and examples. Something useful for any circumstance in which you need to communicate with a person or bank. In turn, you can complement this information, seeing recommended stylistic aspects through our guide on writing a letter of request in a few minutes.

How to write a letter to apply for a bank loan – Models and examples

Many people find it difficult to write a personal reference in Word or for a loan application. In any case, it is quite simple, and you just have to follow certain guidelines in order to make a suitable essay for these circumstances. Therefore, we recommend that you read the following criteria carefully.

Start the letter to apply for loans from the bank

  • The first thing that must be clearly included is the name of the bank to which the letter will be addressed. The name must be written as it is and using the usual capital letters.
  • Immediately below the name must go the city and the date, try to put a date equal to or close to the moment in which the letter is delivered. The date format is the usual, first the day, then the month and then the year (example: December 14, 2020).
  • Now you must put the name of the person to whom the letter is addressed, in the event that you have communicated specifically with a worker. It is very important that you include the profession at the beginning, for example: graduate, engineer, etc. If you do not know this profession, you can use the term “sir”, “ma’am”, etc. Immediately after, that is, on the bottom line, is the position that the person fulfills in the bank.
  • Before starting to write the letter, it is recommended to include a greeting to the person to whom it is addressed.
  • On the other hand, before continuing, remember that we also have other guides such as how to write a letter of resignation, information that may be useful to you.

bank loan

Aspects of the final wording of the bank loan letter

  • We start with the wording, certainly, there are many ways to write this type of letter, but the main thing is respect. In any case, in terms of writing, the first thing is our presentation. For this reason, it begins with a phrase that indicates who we are (individual or company).
  • One of the purposes of this type of letter is to be concise and go straight to the point, which is why immediately after the presentation it is recommended to express the reason for the letter. That is, you must indicate that the letter has been made for the purpose of requesting a loan.
  • Clearly, the aspects related to the loan itself must be established, that is, the amount both in numerical value and in writing.
  • Finally, after having indicated the reason for the letter, there is nothing left but to make a proper farewell.
  • Finally, after saying goodbye, it is recommended to point out again who has written the letter and here you must include the applicant’s signature and the work performed.

Sample letter to apply for a bank loan

Having properly established all the criteria, finally the result of the bank letter made would be approximately as shown below. Keep in mind that this is just one of many models that can be used for this purpose.

loan request letter template

It should be noted that you can also establish the letter in the name of a company, in which case you will only have to modify the name of the sender and indicate that of the company. In turn, certain entities have special requirements that must be taken into account, such as including specific information.

Understanding that each institution has its criteria, in addition to taking into account the information shown, we recommend that you check with the bank before making the formal delivery of the application.

Finally, as complementary information, we also have a guide in which we teach you how to write a letter to a car insurance company. Something similar to what was shown before, but specifically designed for vehicle insurance.

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